Stifel Nicolaus Has Lowered Expectations for DMC Global (NASDAQ:BOOM) Stock Price

DMC Global (NASDAQ:BOOM) had its price objective reduced by research analysts at Stifel Nicolaus from $8.00 to $7.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 23.02% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Roth Mkm decreased their price objective on DMC Global from $12.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Wall Street Zen lowered shares of DMC Global from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Zacks Research lowered shares of DMC Global from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of DMC Global in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $8.50.

DMC Global Trading Up 1.8%

Shares of BOOM stock opened at $5.69 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 2.50 and a debt-to-equity ratio of 0.20. The firm has a market cap of $116.59 million, a P/E ratio of -6.39 and a beta of 1.61. The company has a 50 day moving average of $7.74 and a 200-day moving average of $7.26. DMC Global has a 12-month low of $5.46 and a 12-month high of $9.20.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Monday, February 23rd. The industrial products company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.39). The firm had revenue of $143.53 million for the quarter, compared to the consensus estimate of $142.37 million. DMC Global had a negative net margin of 3.01% and a negative return on equity of 2.77%. Sell-side analysts anticipate that DMC Global will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On DMC Global

Several large investors have recently added to or reduced their stakes in the business. Cooke & Bieler LP increased its stake in DMC Global by 0.8% in the 4th quarter. Cooke & Bieler LP now owns 1,988,267 shares of the industrial products company’s stock worth $13,302,000 after acquiring an additional 15,154 shares during the last quarter. Steel Partners Holdings L.P. bought a new position in shares of DMC Global in the fourth quarter worth approximately $13,200,000. Ameriprise Financial Inc. raised its stake in DMC Global by 3.8% in the second quarter. Ameriprise Financial Inc. now owns 923,491 shares of the industrial products company’s stock valued at $7,443,000 after purchasing an additional 33,539 shares in the last quarter. Gendell Jeffrey L bought a new stake in DMC Global during the fourth quarter valued at approximately $6,036,000. Finally, Pacific Ridge Capital Partners LLC increased its holdings in shares of DMC Global by 12.7% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 670,390 shares of the industrial products company’s stock worth $5,665,000 after buying an additional 75,416 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.

About DMC Global

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.